
Los Angeles, California 90003
This 2016-built duplex represents a High-Potential Investment Opportunity, listed at a List Price of $1,700,000—positioned slightly above the $1,643,314 Fair Market Value. While the property is priced at market, its 8-bedroom, 5-bathroom configuration offers exceptional density and rental income potential. With a Good Condition Rating, the modern construction minimizes immediate capital expenditure. Its strategic location near Downtown Los Angeles ensures consistent tenant demand. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, high-yield multi-family property in an established urban market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 426 E 59th Subject | $1,700,000* List Price | 8 | 5 | 3,117 | $517 | - |
A 229 W 70th Active | $1,299,000 List Price | 0 | 0 | 2,655 | $489 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2016, the property is 10 years old, meeting the age criteria for 'Good' condition. While the exterior shows minor cosmetic wear and deferred landscaping maintenance (dented garage door and weeds), the core systems, kitchen, and baths are relatively modern and functional for a multi-family rental.
Built in 2016, this property is significantly newer than the typical multi-family inventory in the area, offering modern building standards and potentially lower immediate maintenance costs.
With a total of 8 bedrooms and 5 bathrooms, the property provides exceptional density and income-generating potential for investors or multi-generational occupants.
The property's proximity to Downtown Los Angeles and major freeways ensures high tenant demand and convenient access to major employment hubs and urban amenities.
The property is being sold in as-is condition with no warranties, which requires the buyer to assume all risks and potential costs for any necessary repairs or upgrades.
The large 3,117 sq. ft. building footprint on a 5,401 sq. ft. lot leaves minimal yard or recreational space, which may be a drawback for a high-occupancy residence.
Exceptional Multi-Family Investment Opportunity! Welcome to 426 E. 59th Place, Los Angeles, a well-maintained multi-family property offering approximately 3,117 square feet of living space with 8 bedrooms and 5 bathrooms on a 5,401 sq. ft. lot. Built in 2016, this income-producing property presents an excellent opportunity for investors or owner-occupants seeking strong rental potential. Conveniently located near major freeways, public transportation, schools, parks, shopping, dining, and Downtown Los Angeles, the property provides easy access to employment centers and everyday amenities. Its central location makes it an attractive option for tenants while offering long-term investment potential in one of Los Angeles’ established neighborhoods. Whether you’re looking to expand your real estate portfolio or secure a quality multi-unit property with excellent upside, 426 E. 59th Place is an opportunity you won’t want to miss. Buyer to independently verify all information, including but not limited to square footage, permits, zoning, rental income, and property condition. Property is being sold AS IS with no warranties or guarantees, expressed or implied.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 8.0 | 4.6 |
| Baths | 5.0 | 3.0 |
| Square foot | 3,117 | 2,187.451 |
| Lot Size | 5,401 | 5,841.385 |
| Price | $1.70M | $841.5K |
| Price per sq ft | $545 | $385 |
| Built year | 2016 | 1928 |
| HOA | $0 | $0 |
| Days on market | 37 | 85 |
Aug 3, 2026
$1,700,000
Initial Listing
Mar 12, 2025
$1,200,000
Public Record
Apr 26, 2022
$975,000
Public Record
Aug 30, 2017
$640,000
Public Record
Jan 3, 2017
$600,000
Public Record
Dec 8, 2015
$220,000
Public Record